By our economics editors
Jan 2, 2024 at 8:51 am
Bitcoin is worth more than $45,000 for the first time since April 2022. The price of the cryptocurrency rose more than 4 percent on Tuesday morning. This is probably due to high hopes about a favorable decision by an American regulator.
At the beginning of this year, the stock exchange regulator SEC will consider whether there can be listed bitcoin funds. This would allow investors to invest in bitcoin through the stock exchange instead of through crypto trading platforms. And they can put money into the cryptocurrency without actually buying it.
Analysts expect that if permission is granted, billions more could be invested in bitcoin.
According to Hayden Hughes, co-founder of trading platform Alpha Impact, investors in the United States and Europe are already preparing for the approval of the American regulator.
Bitcoin also rose significantly in value last year. At the beginning of 2023, the coin was worth about $16,600. A month ago, the cryptocurrency reached $40,000.
A record value is still a long way off. In November 2021, Bitcoin was briefly worth $69,000.
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Bitcoin continues to climb and is already up 160 percent by 2023
Image: 123RF
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2024-01-02 07:51:52
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